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Hudson City Bancorp, Inc. Message Board

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  • strum_this strum_this Jan 21, 2011 11:47 AM Flag

    Amazing - BAC missed estimates

    You have to remember that BAC is already selling at a 20% discount to its book value. HCBK was selling at 20% PREMIUM to its book when Hermance dropped his bomb.

    It is an interesting comparison though. I'd look for HCBK to possibly visit something around ~0.8x book value if it cuts its dividend. This would be around $9.

 
HCBK
9.89+0.19(+1.96%)Aug 21 4:00 PMEDT

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